Npss opt-out should be discouraged - Denham

Speaking in a political debate at the National Association of Pension Funds (NAPF) annual conference, alongside David Laws MP and Phillip Hammond MP, Denham warned the “best should not become the enemy of the good”. He says if people are given individual financial advice on the 3% level of contributions and whether it is in their best interests the new scheme will have the highest number of opt-outs, leaving the UK with its least useful system. Instead, Denham suggests the government and industry should encourage a culture where opting out of the scheme is actively discouraged, arguing ...